EVALUATION OF CONSTRUCTION SUPPORT BY THE GOVERNMENT THROUGH BUSINESS ENTITIES ON THE TRANS SUMATRA TOLL ROAD (CASE STUDY: TERBANGGI BESAR – KAYU AGUNG TOLL ROAD)

• Main Author: Cahyaning Putri, Hera
• Format: Theses
• Language: Indonesia
• Subjects: Teknik sipil
• Online Access: https://digilib.itb.ac.id/gdl/view/85162
• Institution: Institut Teknologi Bandung

Terbanggi Besar – Pematang Panggang – Kayu Agung toll road is part of the Trans Sumatra Toll Road that received 83 km of construction support carried out by the Toll Road Business Entity that won the auction of toll road projects on the island of Java with a high rate of return on investment. Generally, construction support is provided directly by the government, but in this case the government provides construction support through other toll road business entities. In the implementation process, there are problems related to the non-fulfillment of the quality of toll road infrastructure at construction support locations which results in business entities still having to participate in bearing quality risks to construction work carried out by the government. Business entities receiving construction support must bear maintenance costs due to repairs to damage to the construction support site. This study will evaluate the impact of providing construction support through business entities based on financial feasibility parameters both before and after the provision and after the increase in maintenance costs and provide proposals for improvement of its implementation in the future. The provision of construction support through BUJT on the Terbanggi Besar - Kayu Agung Toll Road has financially increased the investment feasibility parameters, including: an increase in the IRR value to 12% from the original 9.36% before the provision of construction support; The NPV value with the provision of construction support has a better NPV value, which is Rp. 3,875 T compared to the NPV value without construction support of - Rp. 2,044 T; The value of the payback period without the provision of construction support is for 22 years and 3 months and with the provision of construction support for 19 years and 5 months. The increase in maintenance costs in general does not have a significant effect on the investment feasibility parameters of the Terbanggi Besar – Pematang Panggang – Kayu Agung toll road project. The increase in maintenance costs had an effect on the decrease in IRR by 1.4%. The NPV indicator also decreased by Rp. 198 billion or worth 5.1%. However, if the increase in maintenance costs occurs by more than 15%, it can be ascertained that the financial feasibility of the Terbanggi Besar – Kayu Agung Toll Road is not achieved so that the purpose of providing construction support is also not useful. Therefore, the mechanism for providing construction support through business entities needs to be considered to ensure that the benefits of providing construction support can be felt to the maximum. Recommendations for the implementation of construction support through business entities in the future include: (1) Increasing the role of BPJT, the Director General of Highways and BUJT Concessionaires in supervising the process and quality of the toll road infrastructure being built; (2) There needs to be an implementation guideline that clearly regulates the implementation of construction support through Business Entities; (3) Increasing the alignment of PPP principles where the determination of BUJT providing construction support can be ensured to have reasonable financial feasibility on the section that is the scope of the concession before being able to provide construction support for other sections.